What specific statement regarding liability under the Maryland Franchise Registration and Disclosure Law is added to Section 8.2.f of the Floyds 99 Development Agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
| Developer is dated, 20 | This Rider to the Development Agreement by and between Floyd's 99 Franchising, LLC and | ||
|---|---|---|---|
| 1. | The following statement is added at the end of Section 8.2.f: | ||
| apply to any liability under the Maryland Franchise Registration and Disclosure Law. | Pursuant to the Code of Maryland Regulations (COMAR) 02.02.08.16L, the | ||
| general release required as a condition of renewal, sale and/or assignment/transfer shall not |
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 FDD, a specific statement is added to Section 8.2.f of the Development Agreement concerning liability under the Maryland Franchise Registration and Disclosure Law. This statement clarifies that the general release required as a condition of renewal, sale, or assignment/transfer does not apply to any liability arising under the Maryland Franchise Registration and Disclosure Law, as per the Code of Maryland Regulations (COMAR) 02.02.08.16L. This provision is designed to protect franchisees' rights under Maryland franchise law.
This addition ensures that Floyds 99 franchisees in Maryland retain their rights and protections under the state's franchise laws, even when signing general releases related to renewal, sale, or transfer of the franchise. It prevents the franchisor from using these releases to waive liability for violations of the Maryland Franchise Registration and Disclosure Law. This is a significant protection for franchisees, as it allows them to pursue legal remedies for any violations of the law without being hindered by a general release.
For a prospective Floyds 99 franchisee in Maryland, this means that any general release they sign will not prevent them from bringing a claim under Maryland franchise law. This provides an added layer of security and ensures that the franchisee's rights are protected throughout the franchise relationship. It is important for franchisees to understand this provision and to consult with an attorney if they believe their rights under Maryland franchise law have been violated.